With many benefits from flexibility to low cost, international debit cards are becoming a smart choice for modern businesses that want to operate globally. So, what is an international debit card? Let's find out about issues related to international debit cards for businesses in today's article with SeABank.
What is an international debit card?
International debit card (also known as international payment card, international debit card) is a type of payment card that allows the cardholder to use the amount within the limit of his payment account to pay for goods and services at card acceptance points worldwide.
International debit cards are being chosen by many businesses for transactions.
Two popular international debit cards
Currently, in the Vietnamese market, there are 2 most popular types of international debit cards, which are:
- Visa Debit Card: Provided by banks that cooperate with Visa. Transactions are made through the secure payment system Verified by Visa. Visa Debit international debit card allows spending and payment at stores and points of acceptance with Visa logo worldwide.
- MasterCard Debit Card: Issued by banks that cooperate with MasterCard Worldwide. Transactions are authenticated through the SecureCode system. Similar to Visa Debit cards, MasterCard Debit cards also allow spending and payment at points accepting MasterCard logos worldwide.
Features of international debit cards you need to know
To use international debit cards effectively, businesses need to note some of the following characteristics of this type of card:
What are the features of an international debit card?
The main features of the international debit card are as follows:
- Can be used to pay directly for goods and services.
- Withdraw cash at ATMs displaying the card brand logo worldwide.
- Deposit money into your card account through bank deposit channels such as transaction counters, ATMs, Internet Banking,...
- Pay for online shopping transactions on e-commerce websites. Link with e-wallets such as Momo, Shopee Pay, Zalo Pay,... for payment.
- Check account balance and transaction statements through channels such as transaction counters, ATMs, Internet Banking, and bank mobile applications.
International debit card with many outstanding and flexible features
Advantages of international debit cards
International debit cards bring many benefits to users, helping you manage your finances effectively and enjoy many conveniences when shopping and paying. Some outstanding advantages of international debit cards can be mentioned as:
- Help businesses make payments quickly and conveniently.
- Manage and track expenses easily, thereby helping you plan reasonable spending and avoid overspending.
- Safer than paying with cash, reducing the risk of losing money, being pickpocketed or robbed when carrying a lot of cash.
- Many banks regularly launch incentive programs, cashback, and reward point accumulation for international debit cardholders.
- Can be used to pay for many different types of transactions.
Disadvantages of international debit cards
Besides the outstanding advantages, international debit cards also have some disadvantages that need to be noted before using:
- There may be fees for use such as annual fees, international transaction fees, out-of-system withdrawal fees, foreign currency conversion fees, etc.
- Limits on balance and daily transaction limits.
- Although equipped with advanced security technologies, international debit cards still pose a risk of information theft or transaction fraud if you do not use the card carefully.
- When using an international debit card, you will depend on the banking system to make transactions.
- Unlike credit cards, international debit cards do not have a post-payment feature. Therefore, you need to ensure that your account balance is sufficient to cover the transaction before using the card.
International debit cards may have balance and daily transaction limits.
Which bank's international debit card should I use?
The market for international debit cards is currently extremely diverse with many options from reputable banks. Choosing which bank to issue a suitable international debit card depends on many factors such as: usage needs, financial capacity, bank incentives,...
Among them, SeABank emerges as a bright choice for customers looking for an international debit card with many outstanding advantages:
- Free issuance and annual fees: Helps you save on card usage costs.
- High transaction limit: Meet customers' diverse payment needs.
- Cashback on multiple spending types: Save maximum on every transaction.
- Discount offers at thousands of partners: Bringing a convenient and economical shopping experience, discounts up to 70% at SeABank's partners, Cashback for all payment transactions up to 1%.
- Manage your card easily via SeABank Mobile app: Helps you track transactions, pay bills, transfer money,... anytime, anywhere.
- Advanced security: SeABank applies modern security systems, thereby helping to ensure that business transactions are always safe.
SeABank international debit card - Upgrade your business finances!
With outstanding benefits such as fast, safe, efficient and cost-saving payment, international debit cards will help businesses optimize business operations, increase revenue and enhance their brand. If your business is looking for a reputable international debit card provider, please connect with us now. SeABank for free consultation and open an international debit card that suits your business needs.
SeABank is committed to providing customers with high quality products and services at the most competitive prices in the market. To learn more about SeABank's international debit card opening conditions for businesses, please visit the website, contact Hotline 1900.599.952 (Business Customer) or go to the nearest SeABank branch for support.
